Industry Newstariffstrade policymanufacturinginflation
Trump Raises Tariffs Reshaping U.S. Economy
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6.2
Over the past year President Donald Trump raised average U.S. tariffs to about 17%, producing an estimated $287 billion in customs revenue and shrinking the trade deficit. The measures pushed up import and consumer prices, contributed to supply-chain shifts, and coincided with mixed manufacturing results including job losses and uneven production gains. The policies have prompted political backlash, with 54% of voters opposing tariffs in a January New York Times/Siena poll.
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